Financial Literacy Book
Recommendations for Young Minds
Our recommended library
Easy and relatable early financial lessons
Welcome to our book review page, where we’ve curated a collection of our favorite financial literacy books for early learners!
After many years and book purchases, these are the favourites in our home. The language and concepts are simple enough for little ones and the stories are witty and playful enough for my oldest at 11 to still favour.
"Money Doesn't Grow On Trees" by Heath McKenzie
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Money Doesn't Grow on Trees by (Heath McKenzie) is an entertaining introduction to the age-old message every parent secretly loves to say: “Money doesn’t grow on trees!”
Through an enjoyable storyline and vibrant illustrations, this book breaks down the essentials of financial responsibility for young readers. The plot spins familiar scenarios—think “Why can’t I have that now?” or “Why don’t we have endless money?”—into accessible lessons.
Here’s a look at what works:
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Relatable Theme: This book is like a giant wink to every parent who’s ever tried to explain why the candy aisle isn't a free-for-all. Kids connect with the familiar phrase and learn, bit by bit, that maybe there’s more to money than just spending it.
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GREAT Illustrations: Each page pops with colors and fun details.
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Clear Financial Lessons: The narrative sneaks in budgeting basics, where money comes from and how its earned, the importance of saving, and wise spending in a way kids understand.
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Real-World Situations: The book takes on realistic kid dilemmas, like seeing a shiny new toy or debating a “must-have” snack. This makes it feel grounded and relevant.
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Conversation Starter: This book is a dive into money talk with kids without sounding like a financial advisor. It’s ideal for starting that chat about “maybe why we can’t have it all… all at once.”
"Save It!" by Cinders McLeod
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Save It! continues the adventure with vibrant visuals and a friendly tone that emphasize the importance of saving.
Through the bunny's journey to reach a savings goal, kids learn how saving can lead to bigger rewards, like a desired toy or experience.
The story makes the concept of delayed gratification engaging, reinforcing that every little bit saved adds up over time.
"Spend It!" by Cinders McLeod
Spend It! Provides a colorful exploration of wise spending choices. The bunny character faces decisions about what to buy, encouraging kids to think critically about their purchases.
With lively illustrations that capture the excitement of shopping, this book breaks down spending into manageable concepts, helping children understand the value of making informed decisions with their money.
"Earn It!" by Cinders McLeod
In Earn It!, the lively illustrations and narrative invite young readers into the world of earning money through age-appropriate tasks and chores. The bunny character takes on small jobs, showing kids that hard work leads to rewards. The book demystifies the process of earning by presenting relatable scenarios, making the concept feel attainable and motivating.
"Give It!" by Cinder McLeod
Give it! is a charming and accessible introduction to generosity and giving. Through playful illustrations and a heartwarming story, young readers learn that sharing what we have can bring joy to ourselves and others. A perfect addition to any financial literacy collection!
"The Four Money Bears" by Mac Gardner
The Four Money Bears introduces young readers to the fundamental concepts of financial literacy through four characters—Spender Bear, Saver Bear, Investor Bear, and Giver Bear—each representing a distinct financial behavior. Through their interactions, the book illustrates the four primary functions of money: spending, saving, investing, and giving.
Spender Bear demonstrates how money is used to purchase goods and services, while Saver Bear emphasizes the importance of setting aside money for future needs. Investor Bear introduces the concept of growing wealth through investments, and Giver Bear highlights the value of generosity and charitable giving.
To reinforce these lessons, the book includes a hands-on activity at the end—a monthly budget exercise that encourages children to allocate their own "Bear Bucks" into categories for spending, saving, investing, and giving.